Wednesday, September 17, 2014

Global Billionaires Population Reaches A Record 2,325 with 155 New Billionaires in 2014

Bill Gates and other top billionaires in the world.

Global billionaire population reaches a record 2,325 with the addition of 155 new billionaires in 2014

Europe is the world leader in terms of billionaire population and billionaire wealth, Asia responsible for 30% of the net increase in global billionaire wealth

SINGAPORE and ZURICH, Sept. 16, 2014 /PRNewswire/ -- The Wealth-X and UBS Billionaire Census 2014,
released today, shows that 155 new billionaires were minted this year,
pushing the global population to a record 2,325 – a 7% rise from 2013.

The combined wealth of the world's billionaires increased by 12% to US$7.3 trillion, which is higher than the combined market capitalisation of all the companies that make up the Dow Jones Industrial Average.
The Wealth-X and UBS Billionaire Census 2014 – the only
comprehensive, global study on the composition and dynamics of this top
tier of the global ultra high net worth (UHNW) population – shows that Europe, with 775 billionaires, is the region with the most billionaires and billionaire wealth (US$2.37 trillion). North America – the region with the most billionaire wealth in 2013 – was overtaken by Europe in terms of billionaire wealth in this year's census.

Asia, however, boasted the largest
billionaire wealth increase, with the region's billionaires' fortunes
growing by 18.7% over the past year. The region is responsible for 30%
of the net increase in global billionaire wealth in 2014. Asia's billionaire population grew by 10% in 2014, with 52 new entrants into the billionaire club – 33 are from China.

Billionaire Alhaji Aliko Dangote, the richest man in Africa on the cover of Forbes.

Nigerian billionaire Femi Otedola and President Goodluck Jonathan of Nigeria.

The United States maintains its position as the world's top billionaire country with a population of 571 billionaires in 2014, followed by China (190) and the United Kingdom (130), which took the third spot from Germany (123) on the Top 40 Billionaire Countries/Territories list.

Below are other key findings from the Wealth-X and UBS Billionaire Census 2014:

Europe is home to more than a third of the world's billionaire population.

Latin America and the Caribbean is the region that saw the most significant growth in terms of the size of its billionaire population (37.8%) in 2014, but Asia saw the fastest growth in billionaire wealth (18.7%).

The billionaire population in the Middle East shrank by 1.9%, but total billionaire wealth in the region rose by 16.7%.

The size of Africa's billionaire population decreased by 4.8%, but the region's billionaire wealth increased by 12.9%.

There was no change in the billionaire population in the Pacific (34
billionaires), but the region's total billionaire wealth dropped by 2%.

Nearly 35% of the world's billionaires are concentrated in 20
cities. Billionaires are transnational. They move from city to city,
rather than from country to country.

Only 5% of the world's billionaires are worth more than US$10 billion.

The average billionaire's wealth rose by 4.4% this year to just over US$3.1 billion.

The average age of the typical billionaire is 63, one year older than it was in 2013.

There are 2,039 male billionaires in 2014, accounting for 87.7% of the world's total billionaire wealth of US$7.3 trillion.

There are 286 female billionaires in 2014, accounting for a 12.3% share of global billionaire wealth.

The census – which looks at the global billionaire population from July 2013 to June 2014 – examines this top-tier wealth segment by geographical location, gender, sources of wealth and personal traits.
"Wealth-X is pleased to partner with UBS for a second consecutive year to produce the Wealth-X and UBS Billionaire Census," Wealth-X CEO Mykolas Rambus
said. "Expert commentary from UBS complements Wealth-X's global
intelligence on the world's billionaire population, producing a report
that demonstrates a true collaboration between the global leader in
wealth management and the world's leading UHNW intelligence provider."

"UBS has served some of the world's most successful families for more
than 150 years and, today, more than half of the world's billionaires
are clients.

"The second Wealth-X and UBS Billionaire Census is the most
comprehensive study of its kind and provides unparalleled insights into
this sophisticated and global client segment. Its findings, for example,
that billionaires increased their liquid holdings last year and that
entrepreneurialism is key to their wealth, correspond with the feedback
from discussions with our clients," said Simon Smiles, CIO for UHNW, UBS Wealth Management.

About Wealth-XWealth-X is the definitive source of
intelligence on the ultra wealthy with the world's largest collection of
curated research on ultra high net worth (UHNW) individuals, defined as
those with assets of US$30 million and
above. The firm's Wealth-X Professional solution is the standard for
banking, luxury marketing and not-for-profit professionals working with
the ultra affluent. Headquartered in Singapore, Wealth-X has 13 offices across five continents. (www.wealthx.com)

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